Exhibit 12.1
STATEMENT REGARDING THE COMPUTATION OF RATIO OF COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS TO EARNINGS
Year Ended December 31, | ||||||||||||||||||||||||
Nine Months Ended September 30, 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | |||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense | $ | 414,000 | $ | 795,000 | $ | 420,000 | $ | 333,000 | $ | 327,000 | $ | 219,000 | ||||||||||||
Estimated interest portion of rent expense | 1,605,000 | 2,152,000 | 2,284,000 | 1,536,000 | 415,000 | 454,000 | ||||||||||||||||||
Total fixed charges | $ | 2,019,000 | $ | 2,947,000 | $ | 2,704,000 | $ | 1,869,000 | $ | 742,000 | $ | 673,000 | ||||||||||||
Earnings: | ||||||||||||||||||||||||
Loss from continuing operations before income taxes | $ | (18,691,000 | ) | $ | (23,733,000 | ) | $ | (24,450,000 | ) | $ | (27,932,000 | ) | $ | (9,240,000 | ) | $ | (8,517,000 | ) | ||||||
Add: Fixed charges | 2,019,000 | 2,947,000 | 2,704,000 | 1,869,000 | 742,000 | 673,000 | ||||||||||||||||||
Amortization of capitalized interest | 2,000 | 13,000 | 14,000 | 12,000 | 8,000 | 2,000 | ||||||||||||||||||
Total earnings | $ | (16,670,000 | ) | $ | (20,773,000 | ) | $ | (21,732,000 | ) | (26,051,000 | ) | $ | (8,490,000 | ) | $ | (7,842,000 | ) | |||||||
Ratio of combined fixed charges and preference dividends to earnings(1) | — | — | — | — | — | — �� |
(1) | For the years ended December 31, 2004, 2003, 2002, 2001 and 2000 and the nine months ended September 30, 2005, the earnings were insufficient to cover fixed charges by $23,733,000, $24,450,000, $27,932,000, $9,240,000, $8,517,000 and $18,691,000, respectively. |